XE Market Analysis: Europe – Jan 24, 2018

The dollar has come under fresh pressure. The narrow trade-weighted USD index (DXY) traded at fresh three-year lows, logging a nadir at 89.83 and bringing cumulative loss on the year so far to 13%. EUR-USD logged a 37-month high of 1.2335, while USD-JPY traded below 110.00 for the first time since last September, posting a low at 109.80. Cable forayed further into post-Brexit vote high territory, seeing a peak at 1.4049. NZD-USD posted a new trend high, while AUD-USD came within a whisker of doing so.

Source: XE news feed
XE Market Analysis: Europe – Jan 24, 2018